Upcoming flag break to the upsideWith the recent strength in the market and semiconductors, I believe this is a high probability flag breakout to the upside
4ON trade ideas
ON - Rising Trend [MIDTERM]- ON is in a rising trend channel in the medium long term.
- This signals increasing optimism among investors and indicates continued rise.
- ON is testing support at 75.
- This could give a positive reaction, but a downward breakthrough of 75 means a negative signal.
- The stock is assessed as technically positive for the medium long term.
$ON with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for $ON after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
$ON Technical Analysis: Yearly High Close, Trendline ResistanceYearly High Close
Price is close to the yearly highs.
Trendline Resistance
Daily price is touching a trendline resistance level. Price can hit the resistance level and start going down,
which would be a bearish signal. It can also break out of it to form a breakout, which would be bullish.
Pivot Machine Gun (PMG)
When price makes continued highs for 5 days. This is a bearish reversal signal
only if price starts to break the low of the last day's candle.
Pocket Pivot
The volume on the green candle today was higher than the volume on any red candles over the last few weeks.
This can signify institutional accumulation.
Stochastics Overbought
Stochastics value is above 80.
Wedge
Descending wedge. These are calculated base on last 3 monthly candles.
Therefore, they are best visible on the monthly and weekly chart.
$ON 3/17 Bullish
$ON Analysis, Key levels, and Targets $ON Analysis, Key levels, and Targets
ON is my Semi company…. I like this company. I can elaborate further in the next few days but I’m getting my list together…. This is on it, always. I like AMD as well but between the two I’d pick ON…
And if y’all know how to read my charts you know where I’m looking…
ON1Y
RSI is declining.
MFI is holding steady.
5Y
RSI is moving up.
MFI is declining.
ALL
RSI has overextended.
MFI is declining.
Prediction: We are going to be falling. There are some gaps around the $10-15 range.
For my educational purpose, not to be used as financial advice.
ON Semiconductor Corporation can provide further upside in 2023NASDAQ:ON was in a strong correlation with SP:SPX in the last years. To be accurate, the correlation was so strong between 2002 to 2021. However, since the beginning of this year, this correlation is not working anymore. In this bear market, the company has been providing price support and testing new high levels.
From a fundamental point of view, US needs to secure more domestic capability for semiconductor production. So, this company can provide more upside in the next year based on this new developing trend.
Early Thoughts for ONI am looking at $ON Semiconductor here for a potential move to the low $90 range. If the stock can hold strong over what I would call the "mode" in the mid $60s, it is fair to look at the $90 level as a realistic target. The stock has undergone a good bit of balance/consolidation in and around the mid $60 and looks to have a chance to make that breakout into all time highs. We will see over the coming days what the agenda is here, but I wanted to release my early thoughts. Looking forward to see how it plays out. I do have a position in the stock myself. Make sure to always size appropriately and trade safely!
Happy Thanksgiving week from the US and Best of Luck!
ON- Could Be Ready To Collapse Here Ahead Of FEDON has been in a long accumulation lasting several months, but now appear it may be on the brink of collapse.
This is quite low time frame and good chance it can pop up again, but this may well be a continuation pattern here...
I did have the blue band above as an ideal entry but I chose to watch as indexes were bullish.
From here it may touch into that band again but I have opened a short here and will add more if it does hit the band.
SPX analysis thread linked.
Not advice.
10/30/22 ONON Semiconductor Corporation ( NASDAQ:ON )
Sector: Electronic Technology (Semiconductors)
Market Capitalization: 29.235B
Current Price: $67.48
Breakout price: $68.50
Buy Zone (Top/Bottom Range): $66.65-$59.00
Price Target: $86.90-$88.50 (2nd)
Estimated Duration to Target: 84-90d
Contract of Interest: $ON 1/20/23 70c
Trade price as of publish date: $6.30/contract
On Semiconductors CMP. 59.76ON semiconductor
CMP: 59.76
Could continue to be nagative till Oct 26. Can reach 53.47
From that point it would pick back up and can reach 67.48 by Nov 11
$ON with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ON after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 33.33%.
On Semi Broke Out and Pulled Back. Now It’s BouncingOn Semiconductor is one of the few chip stocks to hit new highs this summer. It then pulled back along with the rest of the market, and is now bouncing.
The first pattern on today’s chart is the falling trendline along the peaks of January, March and June. ON broke that resistance in early August and is now turning it into support.
Second, the 50-day simple moving average (SMA) recently crossed above the 200-day SMA. That “golden cross” may signal that its the eight-month consolidation phase is coming to an end.
Third, stochastics are rebounding from an oversold condition.
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ON - Lights About To Go Out 😨🐻ON could be rebranded OFF shortly as it appears to be coming to the end of a double top Wyckoff distribution.
From PSY with higher volume to BC price moves in an expanding corrective pattern showing weakness.
From BC to SOW it moves in a descending channel which could be seen as bullish but really I think it is only holding the area before a fall.
The descending channel does then see pump up to the previous high but there is a lot a bearish divergence from BC and so this appears to be UT - momentum is shifting.
A weekly close with bearish body would help confirm downside.
I also have bearish bias on Nasdaq from herein.
And so i think ON is going to have a nasty tumble soon.
Approximate target is support at $26.
#ON $ON fake out breakout? 💯watching for break of 66.53/trendline support, after that we may see more downside to 62.5-55-48.25
$ON DON the only semi making ath this year. Short opportunity or long on strength? Every big channel/consolidation we have seen met with fakeout above and a reversal.
$ON Future Possibilities At an important level. The range could bring it back down to $55 and expect chop. But given how explosive the EV space is, the stock could breakout and set new highs. I would it expect it to range on a breakout between $95-$105.
ON Semiconductors - Curved UptrendA curved trend displaying continuation for ON
Price will continue along this trend
$ONIf daily closes up fibo 3.618 can target fibo 4.236.
But i draw my first scenario.
* The purpose of my graphic drawings is purely educational.
* None of what i write here is not an investment advice. Please do your own research before investing in any asset.
* Never take my personal opinions as investment advice, you may lose your money.
On Semiconductor USASun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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ON- earnings play, similar to my ahother alert (ENPH)This stock was behaving much better than indicies.
Down only 10% from ATH.
Now coming into earnings, giving all signs of strenght.
Every time the market is bouncing, it moves higher.
Earnings history is consistent.
Looking for ATH and higher
ON - looks strongON is looking to go back to ATH, 52 weeks high
On is in the general uptrend
Only 18% down from ATH, which is remarkable for the current bear market.
Seicondactors are recovering.
ON can go even higher than ATH on earnings expectations/good earnigns.
Target 70-80
